ONE-WEEK TOKEN UNLOCK NOTICE: INJ BILLION YUAN UNLOCKED, AXS, APE AND OTHER TENS OF MILLIONS OF LARGE UNLOCKS

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Next week, Token Unlock for 6 projects is worth watching.

In this batch of projects, all 3 Tokens will be unlocked on a large scale, especially INJ. The scale of INJ Token unlocking exceeds 100 million US dollars, which is a rare event with a scale of 100 million. And this unlock is also more special, it is the last unlock of INJ, after which it becomes fully flowing.

In addition to INJ, AXS and APE unlocked are also quite impressive, both exceeding $20 million.

The specific unlock details are as follows:

Injective

Project Official Website:

Project Twitter: _

Unlocked this time: 3.67 million

Amount unlocked: (approx.) $133 million

Injective Protocol is an interoperable L1 Blockchain optimized for Decentralized Finance applications. It has out-of-the-box features such as a fully decentralization order book that makes it possible to develop applications such as exchanges and prediction markets. Built using the Cosmos SDK, Injective leverages Tendermint Consensus for instant transaction finalization and facilitates fast cross-chain interaction with major networks such as Ethereum and IBC-enabled chains

Injective Hub is a platform and gateway that interacts with Injective, providing Wallet, governance, staking, and INJ burn auction capabilities. Native Token INJ is used for governance, staking, and dApp value capture, with an initial supply of 100 million Token, and a Deflation mechanism is implemented through a burn auction.

The INJ Token increase has seen a significant increase in 2023, with an increase of more than 3000%. At a low of $1.4 in January 2023, ATH hit $45 and is currently trading below $40. In next week’s Token Unlock event, INJ is the most unlocked Token and the most special one unlocked event.

This unlock will be the last unlock of INJ, after which INJ will complete full circulation and 100% of the tokens will be unlocked. The approximately 3.67 million Tokens unlocked this time are worth more than $133 million, accounting for approximately 4.33% of the circulating Market Cap.

INJ is also the largest Token unlock next week, with both the unlocked amount and the circulating share much higher than other unlocked projects.

Token economics shows that more than 330,000 Tokens (about $12.15 million) in this unlock will go to advisors, and 3.33 million will go to teams, worth more than $121 million.

After this unlock, full circulation is a favourable information for the long-term trend of the Token, but the short-term selling pressure may pose a threat to the short-term currency price trend. The scale of this unlocking is large, and investors should pay attention to the risk of market Fluctuation.

Axie Infinity

Project Official Website:

Project Twitter:

Number unlocked this time: 3.43 million

The amount unlocked this time: (approx.) $26.96 million

Axie Infinity was once the most concerned GameFi product in the industry. After a long market cycle, AXS Token has fallen sharply from its all-time highs. But AXS is still quite a large project, with a circulating Market Cap of more than $1 billion.

At present, most AXS Token have been released, but 18% of the Token are still in lockdown. About 3.43 million Tokens unlocked this time are worth more than $26.96 million, accounting for about 2.53% of the circulating Market Cap.

Token economics shows that this unlock will be fully attributed to staking rewards.

From the perspective of the vesting side, the Token does not flow directly into the market at one time. And compared with previous unlocks, this unlock does not surpass the previous large unlocks. The scale of this unlock, compared to the past, does not deserve special attention.

ApeCoin

Project Official Website:

Official Twitter:

Quantity unlocked this time: 15.6 million

The amount unlocked this time: (approx.) $22.31 million

ApeCoin (APE) is the governance and utility Token of the APE ecosystem, with a total supply of 1 billion. The project is controlled and established by the community, with the ApeCoin DAO as its governance organization, allowing all APE holders to vote on governance decisions. In addition to the DAO, Yuga has also established the APE Foundation as the legal custodian of the DAO. The Foundation Board of Directors consists of 5 members. At the time of the initial release of the Token, BAYC holders were Airdrop a significant amount of APE Token.

APE is best known for its issuer, Yuga Labs, which has made a name for itself within the Non-fungible Token ecosystem as the parent company of BAYC. Yuga has said that it will actively apply APE as the main token for all new products and services. In addition to BAYC, Yuga also owns two major IPs, CryptoPunks and Meebits.

APE Token economics shows that 41% of its Token is still waiting to be unlocked, and the current Circulating Supply is only about 60% of the total.

The amount unlocked this time accounts for 4.23% of the Circulating Supply, which is quite a considerable amount. However, the scale of APE unlocking has been relatively large for a long time, and unlocking of the same scale has occurred many times before, and there is enough historical data for reference.